Journal Article
Increasing national saving: are IRAs the answer?
Samolyk, Katherine A.; Altig, David E. (1991-09)
An argument that curtailing deductions for personal interest expense would be a more effective strategy for increasing national saving.
Economic Commentary , Issue Sep

Conference Paper
Payday lending: do the costs justify the price?
Samolyk, Katherine A.; Flannery, Mark J. (2005)
Proceedings , Paper 949

Journal Article
The short-run dynamics of long-run inflation policy
Samolyk, Katherine A.; Gavin, William T.; Carlson, John B. (1990-07)
An examination of the short- and long-term implications of an inflation policy on real output, using a method that allows structural interpretation of a simple VAR applied to a macroeconomic system that includes real output and inflation.
Economic Review , Volume 26 , Issue Q III , Pages 26-35

Working Paper
The role of banks in influencing regional flow of funds
Samolyk, Katherine A. (1989)
A presentation of a theoretical model of regional banking using plausible information asymmetries to explain how local bank capital may affect the funding of regional investments, concluding that regional banking conditions can affect the efficiency of investment and the level of future aggregate output.
Working Papers (Old Series) , Paper 8914

Journal Article
Is household debt inhibiting the recovery?
Byrne, Susan M.; Samolyk, Katherine A.; Altig, David E. (1992-02)
An examination of the pattern of household debt and asset levels in a historical context, whose results cast doubt on the presumption that heavy consumer debt loads incurred during the 1980s are the cause of the economy's current sluggishness.
Economic Commentary , Issue Feb

Journal Article
Financial fragility and regional economic growth
Samolyk, Katherine A.; Humes, Rebecca Wetmore (1991-09)
An examination of the potential link between local financial problems and regional economic growth, discussing how the health of the financial sector can affect economic performance when credit markets are segmented along regional lines.
Economic Commentary , Issue Sep

Journal Article
Securitization: more than just a regulatory artifact
Samolyk, Katherine A.; Carlstrom, Charles T. (1992-05)
An exploration of the recent boom in asset-backed lending, or securitization, by both financial institutions and nonbank firms, which the authors contend is more the result of improvements in information technology than a response to the regulatory costs of traditional bank funding.
Economic Commentary , Issue May

Working Paper
Portfolio risks and bank asset choice
Samolyk, Katherine A. (1989)
An investigation of the effects of credit risk and interest-rate risk on bank portfolio choices, showing how bank capital inadequacy may prevent a bank from investing in the optimal portfolio and how the efficiency of the bank's intermediation technology affects its choice of second-best portfolio.
Working Papers (Old Series) , Paper 8913

Report
Piggy banks: financial intermediaries as a commitment to save
Samolyk, Katherine A.; Morgan, Donald P. (1998)
Savers with uncertain life spans cannot stick to long-term investment plans when they invest directly in liquid assets. Before horizons are known, all savers will plan to roll over their short-term assets if returns turn out high. Ex post, the short-term investors will consume their liquid assets rather than reinvest them. Delegating investment decisions to an intermediary reduces the commitment problem, and leads to more efficient portfolios. The higher return to savings should also increase savings rates.
Staff Reports , Paper 50

Journal Article
In search of the elusive credit view: testing for a credit channel in modern Great Britain
Samolyk, Katherine A. (1990-04)
An examination of the credit performance of the financial sector in the modern British economy, showing that problems in credit markets associated with debt and default/liquidation can disrupt the production of real financial services necessary to channel funds to efficient investment opportunities.
Economic Review , Volume 26 , Issue Q II , Pages 16-28